Oracle to buy Cerner for $28.3B
The companies struck an all-cash deal on Monday for $95-per share. Oracle plans to add a voice interface to Cerner’s electronic health record system.
Oracle is reportedly in talks to buy Cerner for $30 billion, according to the Wall Street Journal. If it closes, it would be the largest health tech deal this year.
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The collaboration will boost the business of both companies against the backdrop of tech giants like Amazon, Google and Microsoft vying for healthcare market share in the industry's shift to cloud-based infrastructure.
The submission deadline for the 2019 code App Challenge, which encourages participants to build apps on Cerner's platforms, is August 16, 2019.
Illig, one of the health IT vendor's co-founders and vice chairman of its board, has retired from Cerner to "focus on outside interests," according to a news release from the company.
Burke, who was named president of the Kansas City, Missouri-based company in 2013, will step down November 2.
As part of a 10-year relationship, the companies will develop the Maestro Advantage solution and Cerner will acquire a minority interest in Essence Group Holdings, Lumeris' parent company, for $266 million.
In a phone interview with Steven Waldren, director of the AAFP's Alliance for eHealth Innovation, he said the collaboration with Zipnosis was the group's first with a telemedicine company. It selected the company following an RFP process.
Beginning next month, Cerner customers will start implementing Surescripts' Real-Time Prescription Benefit tool into their Millennium EHRs. The Kansas City vendor's collaboration with Surescripts was initially announced last November.
On an earnings call, Cerner unveiled plans to hire an additional 600 workers at its Kansas City campus. But the company also reported lower-than-expected earnings, which executives said was due in part to the yet-to-be-signed VA contract.
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
Earlier this week, Cerner made a mega-announcement. The Kansas City, Missouri-based company has appointed a new CEO, Brent Shafer, who will take the helm February 1.
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Sources told CNBC that Cerner and Amazon Web Services are in the late stages of talks about a partnership surrounding HealtheIntent, Cerner's population health offering.
Cerner has hired David Waltman, a former Department of Veterans Affairs executive. Athenahealth CFO Karl Stubelis will be stepping down, and the company has appointed John "Jack" Kane to serve as a replacement on an interim basis.
Neal Patterson — chairman, CEO and cofounder of health IT company Cerner — died July 9 due to complications related to cancer. He was 67 years old.